It has become increasingly difficult for remittance companies to access banking services. This memo analyzes current trends in bank account closures and discusses their implications for family remittances.
In its fourth edition, the Remittances Scorecard ranks 30 companies working in 11 Latin American and Caribbean countries. It evaluates them across 12 indicators to assess their performance and competition in the money transfer industry.
Most of Jamaica’s children attend school at least through lower secondary, and the country has a robust assessment system, which incorporates both national and school-based assessment. However, low test scores at all levels of the Jamaican education system suggest that there are gaps in the system that negatively impact the learning outcomes of many students.
Jamaicans have long been concerned about investment in
and the equity of the education sector. Yet, contrary to
popular belief, the problem is not solely about money.
In 2016, the flow of remittances to Latin America and the Caribbean surpassed US $70 billion. In the 20 countries for which there is data available, the flow reached US$69 billion. This increase demonstrates continued growth since the post-recession period. In this article, we find a range of factors shaping this growth,
This report from the Migration, Remittances & Development Program presents the findings of a survey carried out with more than 1,000 US immigrants from eight Latin American and Caribbean nationalities during the Covid-19 pandemic. The study identifies critical aspects that shaped migrants’ experiences in 2020 and early 2021, and, more importantly, the determinants of continuing to send money back home in times of crisis.
Manuel Orozco, Director of the Migration, Remittances & Development Program, testified before the House Committee on Financial Services on the subject of “Examining De-Risking and its Effect on Access to Financial Services.”
After years in the doldrums, Jamaica’s economy is sparking to life.
Understanding the future of migration and how it affects the region can offer cues as to the direction countries will take.
Lisa Viscidi, director of the Energy, Climate Change and Extractive Industries Program, gave a presentation to the Energy Working Group of the Elcano Institute on clean energy auctions in Latin America and how their intelligent design could benefit other countries in the region.
Long-term power supply auctions are an increasingly popular instrument worldwide for attracting renewable energy investment while cutting prices, increasing energy security, and reducing emissions. Latin America has been at the forefront of using auctions to boost renewable energy capacity. This study analyzes design and outcomes of government-led long-term power auctions with participation from non-conventional renewable sources in six countries in Latin America and the Caribbean (Brazil, Chile, Mexico, Argentina, Peru, and Jamaica) since 2015.
Caribbean islands are in many ways ideal markets for electric vehicles, and several Caribbean jurisdictions have made significant advances in promoting electric mobility. Examining five case studies—Barbados, Bermuda, Cayman Islands, Jamaica, and the Dominican Republic—this report identifies the key challenges and recommends actions that Caribbean governments and other stakeholders can take to stimulate EV adoption.
On Tuesday, May 6th, the Inter-American Dialogue and the Inter-American Development Bank (IDB), hosted an event with Therese Turner Jones, Heather Sutton, Stacey Plaskett, and Richard Aborn. This event was the launch of the IDB’s new publication Restoring Paradise in the Caribbean: Combatting Violence with Numbers. The speakers focused on crime and violence, the region’s greatest challenge.
Earl Jarrett, chief executive officer of the Jamaica National Group, has been selected as chairman of the Electoral Commission of Jamaica (ECJ), effective March 1.
Enabling tools that motivate remittance recipients to access and use a variety of financial services needed to increase assets is key to wealth generation.